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Bernstein: MicroStrategy is the only company generating institutional demand for Bitcoin-linked convertible bonds

CointimeCointime2024/06/18 15:04
By:Cointime

Bernstein stated that MicroStrategy is a pioneer in the Bitcoin capital market. The company has raised $4 billion in convertible debt to purchase Bitcoin. Analysts Gautam Chhugani and Mahika Sapra stated that MicroStrategy is the only company that has a demand for Bitcoin-linked convertible bonds. Bernstein pointed out that since purchasing cryptocurrency in 2020, MicroStrategy has not sold any Bitcoin and is expected to continue raising funds to increase its Bitcoin reserves.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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